Naseej Reports 63.97% Capital Losses in Nine Months 2025
NASEEJ 1213.SA | 24.09 | -0.70% |
| Element List | Explanation |
|---|---|
| Introduction |
Referring to the announcement by Naseej International Trading Company on October 30, 2025, its Interim Financial results for the period ending on 2025-09-30 (nine months), which stated that its accumulated losses, representing (63.97 %) of its capital.
The company would like to announce the recommendations reached by the Board of Directors regarding the accumulated losses, which are as follows: 1-On 01/05/1447 AH, corresponding to 23/10/2025 AD, the company announced the Board of Directors' recommendation to increase the company's capital by SAR 163,459,510 through a rights issue, to settle financial obligations and support the future growth strategy. 2-Working on increasing the sales volume and reducing operating expenses. 3-Consider all other possible actions, including but not limited to, seeking partners in activities and looking for other financing solutions. |
| Previous Announcement | Naseej International Trading Co. announces its Interim Financial results for the Period Ending on 2025-09-30 ( nine months ) |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-10-30 Corresponding to 1447-05-08 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event |
Announcing the Board of Directors’ recommendations regarding accumulated losses, which are as follows:
1-On 01/05/1447 AH, corresponding to 23/10/2025 AD, the company announced the Board of Directors' recommendation to increase the company's capital by SAR 163,459,510 through a rights issue, to settle financial obligations and support the future growth strategy. 2-Working on increasing the sales volume and reducing operating expenses. 3- Consider all other possible actions, including but not limited to, seeking partners in activities and looking for other financing solutions. |
| Reasons For The Delay on The Date of The Event Previously Announced | NOT APPLICABLE |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | NOT APPLICABLE |
| Delay consequences on the Company’s financial results | NOT APPLICABLE |
| Additional Information | It is worth noting that the last day on which the Company’s Board of Directors may convene the Extraordinary General Assembly to consider the continuity of the Company is April 28, 2026. The Company will also be subject to the procedures and instructions issued by the Capital Market Authority regarding listed companies whose accumulated losses have reached 20% or more of their share capital. |
Other Items
Naseej International Trading Company announced that its accumulated losses have reached 63.97% of its capital. The Board of Directors has recommended a capital increase of SAR 163,459,510 through a rights issue to settle financial obligations and support future growth. Additional recommendations include increasing sales volume, reducing operating expenses, and exploring other actions such as seeking activity partners and alternative financing solutions. The company must convene an Extraordinary General Assembly by April 28, 2026, and is subject to Capital Market Authority procedures for companies with accumulated losses exceeding 20% of share capital.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=92251&anCat=1&cs=1213&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.